Can I retire at age 40 with 802,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$66,228$65,638$65,063$64,501$63,953$63,180
2 years$32,786$32,176$31,584$31,010$30,454$29,676
3 years$21,640$21,027$20,437$19,869$19,321$18,562
4 years$16,069$15,457$14,873$14,314$13,780$13,046
5 years$12,726$12,119$11,542$10,995$10,475$9,769
6 years$10,499$9,896$9,328$8,792$8,289$7,610
7 years$8,909$8,310$7,751$7,229$6,741$6,091
8 years$7,716$7,124$6,574$6,064$5,592$4,971
9 years$6,789$6,202$5,662$5,165$4,710$4,116
10 years$6,048$5,467$4,936$4,452$4,013$3,447
11 years$5,443$4,867$4,346$3,875$3,451$2,912
12 years$4,938$4,368$3,857$3,399$2,991$2,478
13 years$4,511$3,948$3,446$3,001$2,608$2,121
14 years$4,146$3,588$3,096$2,664$2,286$1,825
15 years$3,830$3,278$2,795$2,376$2,013$1,576
16 years$3,553$3,008$2,534$2,127$1,779$1,366
17 years$3,309$2,770$2,306$1,911$1,577$1,187
18 years$3,093$2,559$2,105$1,722$1,402$1,034
19 years$2,900$2,372$1,927$1,556$1,250$903
20 years$2,726$2,204$1,769$1,409$1,117$790
21 years$2,569$2,053$1,627$1,279$999$692
22 years$2,426$1,917$1,499$1,163$896$607
23 years$2,296$1,793$1,384$1,059$804$533
24 years$2,177$1,679$1,280$966$723$469
25 years$2,068$1,576$1,186$882$650$412
26 years$1,967$1,481$1,100$807$586$363
27 years$1,874$1,394$1,021$738$528$320
28 years$1,787$1,314$949$677$477$282
29 years$1,707$1,239$884$620$430$249
30 years$1,633$1,170$823$569$389$220
31 years$1,563$1,106$767$523$351$194
32 years$1,497$1,047$716$481$318$171
33 years$1,436$991$668$442$288$151
34 years$1,379$940$625$407$261$134
35 years$1,325$891$584$374$236$118
36 years$1,274$846$546$345$214$105
37 years$1,226$803$511$318$194$93
38 years$1,180$764$479$293$176$82
39 years$1,137$726$449$270$159$72
40 years$1,096$691$420$249$144$64
41 years$1,058$658$394$230$131$57
42 years$1,021$626$370$212$119$50
43 years$986$597$347$196$108$44
44 years$953$569$326$181$98$39
45 years$921$542$306$167$89$35
46 years$891$517$287$154$81$31
47 years$862$494$270$142$73$27
48 years$835$471$254$132$67$24
49 years$808$450$238$122$60$21
50 years$783$430$224$112$55$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $802,000, adding $5,323 every year, while hoping to spend $43,530 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/10/29 Blend
39$802,000$802,000$802,000$802,000
40$889,295$846,789$834,358$936,277
41$933,687$841,966$815,993$964,089
42$981,149$835,448$795,554$989,297
43$1,031,946$827,105$772,926$1,015,902
44$1,086,373$816,801$747,987$1,044,053
45$1,144,750$804,392$720,612$1,073,912
46$1,207,430$789,722$690,668$1,105,660
47$1,274,800$772,631$658,017$1,139,499
48$1,347,284$752,944$622,515$1,175,654
49$1,425,349$730,480$584,011$1,214,373
50$1,509,506$705,046$542,347$1,255,934
51$1,600,319$676,436$497,359$1,300,644
52$1,698,406$644,435$448,875$1,348,844
53$1,804,445$608,814$396,714$1,400,913
54$1,919,183$569,331$340,689$1,457,272
55$2,043,442$525,730$280,603$1,518,386
56$2,178,122$477,740$216,253$1,584,773
57$2,324,217$425,076$147,424$1,657,006
58$2,482,817$367,434$73,892$1,735,719
59$2,655,122$304,497$0$1,821,616
60$2,842,453$235,926$0$1,916,894
61$3,046,262$161,364$0$2,045,491
62$3,268,146$80,437$0$2,185,552
63$3,509,865$0$0$2,338,217
64$3,773,352$0$0$2,505,541
65$4,060,737$0$0$2,697,751
66$4,374,365$0$0$2,907,571
67$4,716,815$0$0$3,136,735
68$5,090,927$0$0$3,387,149
69$5,499,827$0$0$3,660,916
70$5,946,959$0$0$3,960,347
71$6,436,112$0$0$4,287,990
72$6,971,460$0$0$4,646,649
73$7,557,597$0$0$5,039,411
74$8,199,584$0$0$5,469,677
75$8,902,994$0$0$5,941,193
76$9,673,963$0$0$6,458,081
77$10,519,252$0$0$7,024,886
78$11,446,305$0$0$7,646,608
79$12,463,321$0$0$8,328,760
80$13,579,331$0$0$9,077,410
81$14,804,284$0$0$9,899,245
82$16,149,138$0$0$10,801,630
83$17,625,963$0$0$11,792,676
84$19,248,058$0$0$12,881,321
85$21,030,070$0$0$14,077,411
86$22,988,137$0$0$15,391,790
87$25,140,036$0$0$16,836,409
88$27,505,352$0$0$18,424,431
89$30,105,664$0$0$20,170,358
90$32,964,742$0$0$22,090,168
91$36,108,778$0$0$24,201,466
92$39,566,627$0$0$26,523,647
93$43,370,081$0$0$29,078,079
94$47,554,169$0$0$31,888,308
95$52,157,485$0$0$34,980,274
96$57,222,551$0$0$38,382,560
97$62,796,222$0$0$42,126,661
98$68,930,122$0$0$46,247,275
99$75,681,133$0$0$50,782,638
100$83,111,932$0$0$55,774,880